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Farmland sold by Bell Ingram for record price at Northallerton Auction
18Mar2010
Arable land throughout North Yorkshire has effectively been re-valued following a public auction last night, 17 March 2010, at the Golden Lion Hotel, Northallerton.
The room was packed with interested parties and the 82.31 acres sold in five separate lots for a total of £700 000; an impressive average of £8,504 per acre.
With Derek Tyson MRICS FAAV Associate with Bell Ingram at the gavel, to sell the highly productive arable land at Brockholme Farm, Thornton-le-Moor, Northallerton, which was lotted as follows:
Lot 1: approx 14.51 acres
Lot 2: approx 14.23 acres
Lot 3: approx 14.49 acres
Lot 4: approx 20.65 acres
Lot 5: approx 18.43 acresDerek Tyson of Bell Ingram’s Thirsk office said afterwards “This was grade 2 arable land sold to local and neighbouring farmers i.e. no investors or ‘life style’ buyers. The highest priced individual lot was No. 5 at £193 000 i.e. £10,472 per acre. I have been auctioning land for over 30 years and I am amazed and delighted at last night’s result.”
For further information on land values, view the article from the Tayside Courier on 19 March 2010 by Ewan Pate, Farming Editor, on the 'Sharp Divide in the Land Market'